Crypto Analyst Criptopaul Predicts Parabolic Phase for Altcoins: Is It Time to Invest?

Crypto analyst Criptopaul is predicting a “parabolic” phase for altcoins in the digital assets market, following Bitcoin’s recent touch of new all-time highs. Criptopaul, known for his accurate predictions, points to historical patterns where altcoins have surged after Bitcoin reached its peak.

In a recent analysis shared on his Telegram channel, Criptopaul overlays Bitcoin’s chart with CRYPTOCAP, which measures the value of all assets in the crypto ecosystem excluding BTC. He highlights how altcoins have historically gone parabolic after Bitcoin’s peak, suggesting a similar trend may be on the horizon.

The analyst also points out the strength of Ethereum (ETH) in comparison to Bitcoin, noting that ETH has not yet reached its all-time high. Looking at the ETH/BTC pair, Criptopaul sees a bottoming out pattern, indicating potential strength for altcoins.

Additionally, Criptopaul mentions Bitcoin dominance, which measures BTC’s market cap in relation to other crypto assets, as a signal of altcoin strength. With BTC dominance showing signs of weakness, the analyst believes altcoins could be gearing up for a significant rally.

At the time of writing, Bitcoin is trading at $69,172, down 4% in the last 24 hours. As investors keep a close eye on the market, Criptopaul’s insights provide valuable information for those looking to capitalize on the potential upcoming surge in altcoins.

Disclaimer: The opinions expressed by Criptopaul are not investment advice. Investors should conduct their own research before making any high-risk investments in Bitcoin or other digital assets. The Daily Hodl does not endorse the buying or selling of cryptocurrencies and is not an investment advisor.